Stock Market Today: All You Need To Know Going Into Trade On Nov. 12
Good Morning!
The GIFT Nifty is trading at 25,979, indicating a lower open for the benchmark Nifty 50.
US and European index futures are trading higher during Asian trading hours.
S&P 500 futures up 0.16%
Euro Stoxx 50 up 0.21%
The NSE Nifty index ended in green, above the important mark of 25,650. Gains in the index were led by InterGlobe Aviation Ltd. and Mahindra & Mahindra Ltd. The Nifty Midcap also ends in green, up 0.5%. Gains in the Nifty Midcap index were led by Vodafone Idea and Bharat Forge.
Global Market Update
Wall Street’s bets that the largest shutdown in US history is soon coming to an end drove a rebound in stocks encouraging optimism that access to official economic data will shed light on the Federal Reserve outlook. The S&P 500 erased losses, with about 345 shares gaining.
The Dow Jones Industrial Average climbed 1.2%. FedEx Corp. jumped over 5% as it expects profit this quarter to improve from a year ago. Nvidia Corp. sank 3% as SoftBank Group Corp. sold its entire stake in the chipmaker for $5.83 billion to help bankroll artificial-intelligence investments, reports Bloomberg.
Asian Markets Update
Asian markets showed broad gains, with the TOPIX Index leading the way, surging 1.06%. Mainland China’s CSI 300 Index dropped by 0.91%.
Both the Nikkei 225 (+0.20%) and the Hang Seng Index (+0.18%) posted modest increases, contributing to a slight overall rise of 0.03% for the MSCI AC Asia Pacific benchmark.
Commodity Update
Consolidating three days of gains, gold edged higher as traders weighed weak jobs data and the imminent restart of the US government. Bullion rose to around $4,140 an ounce. Gold rose 0.4% to $4,142.81 an ounce as of 8:19 a.m. Singapore time. Silver, platinum and palladium edged higher, reports Bloomberg.
Oil steadied after a three-day gain ahead of reports that will throw light on how the global crude market balances into 2026. West Texas Intermediate held near $61 a barrel, after rising 1.5% on Tuesday, while global benchmark Brent closed above $65, reports Bloomberg.
The benchmark three-month copper price is $10,827 a ton, up 0.29%.
Economic Update
Govt to release monthly consumer price inflation data
RBI will conduct T-bill auctions
External Affairs Minister S. Jaishankar will visit Canada to participate in the G7 Foreign Ministers’ Meeting.
Corporate Update
PI INDUSTRIES(Cons, YoY)
Revenue down 15.7% at Rs 1,872 crore vs Rs 2,221 crore
Ebitda down 13.8% at Rs 541 crore vs Rs 628 crore
Margin at 28.9% vs 28.3%
Net Profit down 19.5% at Rs 409 crore vs Rs 508 crore
IOL CHEMICALS(Cons, YoY)
Revenue up 8% at Rs 568 crore vs Rs 526 crore
Ebitda up 37.3% at Rs 57 crore vs Rs 41.5 crore
Margin at 10% vs 7.9%
Net Profit up 56.5% at Rs 30 crore vs Rs 19.2 crore
AWFIS SPACE(Cons, YoY)
Revenue up 25.5% at Rs 367 crore vs Rs 292 crore
Ebitda up 32.1% at Rs 132 crore vs Rs 100 crore
Margin at 36% vs 34.2%
Net Profit down 58.8% at Rs 15.9 crore vs Rs 38.6 crore
ZAGGLE PREPAID(Cons, QoQ)
Revenue up 30.2% at Rs 432 crore vs Rs 332 crore
EBIT up 56% at Rs 36.5 crore vs Rs 23.4 crore
Margin at 8.4% vs 7.1%
Net Profit up 33.7% at Rs 34.9 crore vs Rs 26.1 crore
Other Updates
Nifty Nov futures is up 0.53 %to 25,811 at a premium of 117 points.
Nifty Nov futures open interest down by 0.04%
Nifty Options 11th Nov Expiry: Maximum Call open interest at 25700 and Maximum Put open interest at 25650.
Securities in Ban : SAIL
The rupee rose sixteen paise to 88.57 against the US dollar on Tuesday. The yield on the 10-year bond ended two points lower to 6.51.
For more updates on the Indian stock market, visit our website and read our articles on Nifty today or Sensex news. You can also find information on Indian stock market trends and Q1 results of various companies.